Crypto Bloodbath: Over $448M Liquidated in a Day — Top 4 Coins Dominate With 70 %+ Sell-Off Impact

Ethereum accounted for nearly 38% of all liquidations, driven by high leverage and ecosystem-wide exposure.

Solana’s aggressive $32.48M liquidation highlights volatility among high-performance layer-1 chains.

Dogecoin and XRP saw nearly $18M combined in liquidations, revealing that retail-driven leverage still holds systemic risk.

Ethereum took the brunt of the recent crypto liquidation wave, with over $170.69 million liquidated in 24 hours. This figure represents the largest single-asset liquidation during the downturn, accounting for nearly 38% of the total value wiped out. As the leading smart contract platform and a major component of leveraged futures trading, Ethereum's sell-off had a systemic impact across DeFi and altcoin sectors

Analysts cite rising leverage and tightening macro conditions as central factors behind this exceptional deleveraging event. The liquidation underscores how exposed Ethereum remains to broader shifts in trader sentiment and leveraged activity.

Solana (SOL) Records Remarkable $32.48M Liquidation — Second Highest Among Altcoins

Solana was the second most impacted token, suffering approximately $32.48 million in forced liquidations. Its unmatched speed and high network activity make it one of the more actively traded assets in perpetual markets. However, this also increases its sensitivity to volatility. With leveraged traders caught off guard by price fluctuations, SOL’s liquidation footprint signals a rapid reduction in speculative positioning. As a layer-1 chain often seen as Ethereum’s competitor, Solana’s liquidation profile suggests a broad retreat from high-beta assets in the face of market instability.

Dogecoin (DOGE) Suffers $9.36M in Liquidations — Reflects Meme Coin Fragility

Dogecoin faced $9.36 million in liquidations, showing that even top meme-based assets weren’t spared from the broader shakeout. Despite being less utilized in complex DeFi strategies, DOGE has a large retail presence and high short-term volatility. The coin’s liquidation level suggests a drop in confidence among high-frequency traders and speculators, who were likely long during the early week’s recovery before momentum reversed sharply. This liquidation underscores how vulnerable meme coins remain during market contractions, especially without strong institutional backing or utility-driven demand.

XRP Liquidations Reach $8.14M — Stability Tested Despite Legal Milestones

XRP saw $8.14 million in liquidations, ranking fourth among the most affected coins in this cycle. While XRP has gained attention following legal developments in the U.S., the liquidation volume reveals that price swings continue to attract high-risk leverage strategies. Market participants were likely attempting to capitalize on breakout levels, but the broader liquidation cascade forced abrupt exits. Despite its strong community and growing utility in cross-border settlements, XRP's trading structure remains highly reactive to macro volatility, as shown in this latest downturn.